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The HDR Breakout

  • #21
  • Jul 24, 2012 12:06pm Jul 24, 2012 12:06pm
I do not use or recommend your settings (40barsX30p), but here is what they did over the last 100 days. Roughly 650 pips to the good, and still zero trade set losses. But pip-wise, only about half the pips of what my recommended settings brought in.

The rest of your comments/questions are answered in the SSBO thread. It's clear by now that you have just skimmed the thread without ever committing to it.

Like I said, all you have done is taken the incredibly successful SSBO system and added an extra filter (or two), and then started a teaching thread under a new name. This does not make you original, it makes you a copycat. Come up with 6 or 7 completely original entry rules like I did, then you can say you have a system of your own. Otherwise, you are simply bringing up questions in here that you could have asked me over at SSBO. (And still could, for that matter...)
Attached Image
To improve is to change. To perfect, is to change often.
  • #22
  • Edited 1:38pm Jul 24, 2012 1:22pm | Edited 1:38pm
Quoting Ralome
True. Here's the corrected version.
Ralome, I've still noticed some difference between your channels and mines. Could you check the channel on the 15M chart of AUDUSD? My channel is still a bit bigger.
  • #23
  • Jul 24, 2012 2:53pm Jul 24, 2012 2:53pm
Quoting dvarrin
Ralome, I've still noticed some difference between your channels and mines. Could you check the channel on the 15M chart of AUDUSD? My channel is still a bit bigger.
That's how it looks here.
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Even if you fall on your face, you're still moving forward.
  • #24
  • Jul 24, 2012 3:33pm Jul 24, 2012 3:33pm
Quoting Ralome
That's how it looks here.

Your channel is 16 bars wide and should only be 12 bars wide.

It begind with the wrong bar. The 1 HR pattern begins with the 15:00 GMT bar. You are beginning at the 14:00 GMT bar.
  • #25
  • Jul 24, 2012 3:55pm Jul 24, 2012 3:55pm
Quoting billbss
Your channel is 16 bars wide and should only be 12 bars wide.

It begind with the wrong bar. The 1 HR pattern begins with the 15:00 GMT bar. You are beginning at the 14:00 GMT bar.
You're right, but it doesn't matter. The height is calculated from the proper 12-bar data. I extended it to the left so that it includes the "0th" 1 hr candle he referred to.
Even if you fall on your face, you're still moving forward.
  • #26
  • Jul 24, 2012 4:00pm Jul 24, 2012 4:00pm
Quoting Ralome
You're right, but it doesn't matter. The height is calculated from the proper 12-bar data. I extended it to the left so that it includes the "0th" 1 hr candle he referred to.
I see. Sorry for commenting when I didn't understand what you did.
  • #27
  • Jul 25, 2012 1:12am Jul 25, 2012 1:12am
In the first post I've added the condition that we only enter a trade when the signal occurs during the London or New York sessions. During the Asian session there often false breakouts.
  • #28
  • Jul 25, 2012 2:32am Jul 25, 2012 2:32am
Today on GBPCHF M15, a candlestick broke out of the channel right at the London Open. But it closed too far, on the other side of the sell area. So we don't enter short.

It that case, price will often move all the way back to the buy area on the other side of the channel. Let's see. but on my side I'll be watching only.
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  • #29
  • Jul 25, 2012 2:45am Jul 25, 2012 2:45am
Quoting dvarrin
Today on GBPCHF M15, a candlestick broke out of the channel right at the London Open. But it closed too far, on the other side of the sell area. So we don't enter short.

It that case, price will often move all the way back to the buy area on the other side of the channel. Let's see. but on my side I'll be watching only.
Why gbpchf, why not eurgbp? They are almost a mirror of each other at the moment and eurgbp will have a lower spread.
  • #30
  • Jul 25, 2012 3:11am Jul 25, 2012 3:11am
Quoting Hugh Briss
Why gbpchf, why not eurgbp? They are almost a mirror of each other at the moment and eurgbp will have a lower spread.
You're right. The same thing happened on EURGBP. Thus I would not take that trade either (again, that's because the candlestick closed further than the buy area).
  • #31
  • Jul 25, 2012 3:51am Jul 25, 2012 3:51am
Long entry on EURUSD at 1.2123. SL a little below 1.20608 and first profit target at 1.2185.

Long entry on EURCAD at 1.2345. SL below1.23199 and first profit target at 1.2370.

Let's see what will happen.
  • #32
  • Edited 4:34am Jul 25, 2012 4:16am | Edited 4:34am
On NZDCHF, we also had a candlestick closing in the sell area after London opening. But there are two reasons why I don't take this trade:

1) That channel already gave us its signal on the 18th July 2012 with a candle closing in the buy area during London and New York sessions.

2) When a signal occures, I want the price to originate from the other half of the channel.
As you can see today, there was a breakout during the Asian session, but price did not retrace all the way back to the middle of the channel at least before the new signal after London opening occured. But again, in ths case we would not have traded that either, because this channel has already triggered it's trade. And you can easily see that on each following breakout, the price was never able to make to upto the profit target again.
  • #33
  • Edited 8:05am Jul 25, 2012 5:09am | Edited 8:05am
We are short on GBPUSD too. After an invalid close below the sell area, the price retraced back to the middle of the channel and now a candlestick has closed in the sell area.

SL a little above 1.55396 and first profit target at 1.5458.

I don't like that kind of signal after that tall candlestick on the left that closed too far below the sell area, but price retraced at least up to the middle of the channel and in one candlestick we have a rejection of that medium level and a close in the sell area.
  • #34
  • Jul 25, 2012 5:42am Jul 25, 2012 5:42am
1:1 profit target reached on EURCAD.
  • #35
  • Edited 7:08am Jul 25, 2012 6:29am | Edited 7:08am
As you've seen, the trade we did not take on GBPCHF (because the candlestick closed too far below the sell area) reached the profit target in one candlestick after a small pull back.

But you see why it is dangerous to take such a trade. that tall candlestick could have been in the opposite direction.
  • #36
  • Jul 25, 2012 6:35am Jul 25, 2012 6:35am
Hi Ralome,

Have you been able to find why our indicators don't draw the same channel?
  • #37
  • Jul 25, 2012 8:21am Jul 25, 2012 8:21am
As there is an important news for the dollar in less than one hour, I suggest you close one half of you trade if you're in profit and set the SL to breakeven with the remaining half of the trade in case things go wrong.

Do it a few minutes before the news if not done already ;-)
  • #38
  • Jul 25, 2012 9:03am Jul 25, 2012 9:03am
Profit target on GBPUSD reached :-)

From now on, we are already too late in the New York session and I would not enter any trade anymore for today. So what ever happens for EURUSD we end the day with a positive result.
  • #39
  • Jul 25, 2012 9:24am Jul 25, 2012 9:24am
Quoting dvarrin
Hi Ralome,

Have you been able to find why our indicators don't draw the same channel?
I compared the two indys (my indy at the top: overlapping_disabled=false). As I explained before, my channel doesn't start at the 1st bar of the 12-bar set, but 4 bars earlier. But the heights are exactly the same.

I guess it comes down to the different methods of dealing with overlapping. As I see, you're checking for inside channels. But I've just found an error there:

Inserted Code
if (channelTop2 > channelTop && channelBottom2 > channelBottom)

If you're checking if the second one is inside the first one, it should be:

Inserted Code
if (channelTop2 < channelTop && channelBottom2 > channelBottom)

Or vice versa.
Attached Image
Even if you fall on your face, you're still moving forward.
  • #40
  • Jul 25, 2012 9:26am Jul 25, 2012 9:26am
Quoting Ralome
I compared the two indys (my indy at the top: overlapping_disabled=false). As I explained before, my channel doesn't start at the 1st bar of the 12-bar set, but 4 bars earlier. But the heights are exactly the same.

I guess it comes down to the different methods of dealing with overlapping. As I see, you're checking for inside channels. But I've just found an error there:

Inserted Code
if (channelTop2 > channelTop && channelBottom2 > channelBottom)

If you're checking if the second one is inside the first one, it should be:

[code]if (channelTop2...
You're right! Thank you for having found that mistake Ralome! :-). I'll correct it and also check more than only the previous channel.
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